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Chinese e-commerce giant Alibaba Group Holding Ltd. is aiming to handle one trillion yuan ($157 billion) of transactions in 2012 on its Taobao consumer sales platforms, the company's Chairman Jack Ma said Saturday.

Lawmakers on Friday sent Gov. Jerry Brown a compromise bill that delays California's effort to force online retailers such as Amazon.com to collect the state's sales taxes while retailers lobby Congress for national rules governing online sales taxes. The state Assembly approved AB155 on a bipartisan, 59-8 vote in the final hours of this year's legislative session. The bill had passed the Senate, 36-1, hours earlier.

Amazon.com is testing a major redesign of its website, an overhaul that could refashion the way people shop on the world's largest online retailer.

Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put a recently enacted online sales tax on hold for two years.

A coalition of giant, brick-and-mortar retailers and their legislative allies have come up with a new strategy to try to head off Amazon.com's referendum to overturn the state's new Internet sales tax law.

Amazon moved aggressively to fulfill its new ambition to publish books as well as sell them, announcing that it had signed Timothy Ferriss, the popular self-help guru.

Wal-Mart revamped its e-commerce management on Friday, placing the heads of stores in developed countries in charge of their online businesses and announcing the departure of two top U.S. Internet executives.

The online retailer wants voters to strike down the California law requiring the company to collect sales taxes. Wal-Mart, labor groups and other opponents could wage a costly, noisy battle against such a referendum. Escalating its fight to thwart a new levy on Internet purchases, Amazon.com says it will ask California voters to overturn a state law requiring all companies with operations or affiliates here to collect sales tax.

EBay paying $240 million to buy closely held Zong, a provider of mobile payments, as the e-commerce giant seeks to strengthen its PayPal business.

The team behind Diapers.com has made a new e-commerce site aimed at the other baby in the American household: the family pet. Quidsi, which is now a wholly-owned subsidiary of Amazon.com, is announcing Wednesday the launch of Wag.com, an e-commerce site selling pet-related products.